PART of steel firm Parson & Crosland has been bought by Barrett Steel, saving 25 jobs at the Middlesbrough firm.
Parson & Crosland has been in operation since 1926 in Middlesbrough, and provides steel from stock to meet the requirements of customers in the general fabrication, precision engineering and structural steelwork industries. It was purchased by Murray General Steels in 2007, but new owner Barratt Steel said it had recently been “struggling to maintain its usual level of customer service”.
Barrett Steel has bought the stockholding segment of the company, which also handles processing and a foundry business.
The deal for Parson & Crosland has been announced at the same time as a deal for Austin Trumanns Ireland, which saves another 18 jobs.
James Barrett, managing director of Barrett Steel’s General Steels Division, says: “We are delighted to be welcoming Parson & Crosland to the Barrett Group. The company has a long and successful history with a strong presence in the community, and Barrett Steel is committed to maintaining local ties, supporting employees, customers and the general public.
“We will be taking our lead from customers of the business as to what products and services they require. Barrett Steel is committed to investing in its businesses and ensuring that our customers are provided with services that are delivered using the latest innovations in plant and equipment in all areas of the business.”
Bradford-based Barrett said Parson & Crosland would continue to operate under its current name as part of the firm, which is the largest independent steel stockholder in the UK.
Barrett believes the acquisition will give customers access to a wider range of products and services.